Fertility testing is a medical and physical testing assessment that tests the ability to naturally conceive. Growing older is one of the factors that might impair fertility, therefore women and men who are 35 or older who are having trouble becoming pregnant even after six months of trying should think about fertility testing. Blood tests, discussions of medical history, and minimally invasive procedures are all part of the fertility testing procedure. It mostly includes detecting hormones like luteinizing hormone or progesterone hormone in blood, urine, or saliva to determine whether an ovulation has occurred. Semen analysis is part of the tests for males to ensure a proper sperm count.
The global fertility test market was valued at US$ 537.2 Mn in 2022 and is forecast to reach a value of US$ 979.6 Mn by 2030 at a CAGR of 7.8% between 2023 and 2030.
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Global Fertility Test Market Drivers:
Reduced fertility rates will boost market expansion: The dropping fertility rates among men and women throughout the world are one of the main factors anticipated to boost the growth of the global market for fertility tests over the forecast period. Global fertility has decreased from 5 births per woman on average in 1950 to 2.3 births per woman in 2021, a sign of the growing control people have over their reproductive lives. The worldwide fertility rate, which was 2.3 internationally in 2021, will reach the demographic tipping point of 2.1 by 2050 as a result of a globally synchronised fall in birth rates, predicts the United Nations’ World Population Prospects 2022 (WPP) study.
Increasing awareness among people to propel market growth: The growing public knowledge of fertility testing tools is another element propelling the expansion of the global market for fertility tests. For instance, the fertility rate among the population has increased over time as a result of growing public awareness about fertility testing in both industrialised and developing nations. Additionally, a number of governments and organisations hold conferences and events to educate the public on fertility testing tools.
Global Fertility Test Market Opportunities:
Players in the global fertility test market should have considerable growth potential due to rising demand for or adoption of fertility testing equipment. For instance, the demand for and/or adoption of fertility testing devices is rising quickly in tandem with the general increase in public knowledge of fertility testing. Inito, a home fertility test, debuted in the United States in August 2021. The Inito gadget is a home testing tool that tests the actual levels of progesterone, luteinizing hormone, and oestrogen. It pairs with a smartphone app to provide users with information to help them make decisions during the conception process.
Global Fertility Test Market: Competitive Landscape
Key companies covered as a part of this study include Advacare Pharma, UEBE Medical, Abbott Laboratories, Quidel Corporation, HiLin Life Products Inc., Geratherm Medical AG, Fertility Focus Limited, Fairhaven Health LLC, Church & Dwight Co. Inc., and Prestige Brands Holdings Inc., among others.
Detailed Segmentation:
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- Global Fertility Test Market, By Product:
- Ovulation Prediction Kit
- Fertility Monitors
- Urine-based Ovulation Monitors
- Saliva-based Ovulation Monitors
- Other Fertility Monitors
- Male Fertility Testing Products
- Global Fertility Test Market, By Mode of Purchase:
- OTC-based Products
- Prescription-based Products
- Global Fertility Test Market, By Application:
- Female Fertility Testing
- Male Fertility Testing
- Global Fertility Test Market, By End User:
- Home Care Setting
- Hospitals/Fertility Testing
- Global Fertility Test Market, By Product:
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Global Fertility Test Market Trends:
High demand for ovulation prediction kits is a recent trend:
For a woman who is trying to get pregnant, ovulation prediction kits are used to find out the precise day of ovulation. When used properly, these kits are over 97% accurate at spotting the luteinizing hormone (LH) surge, a sign of ovulation. These kits offer a precise prediction of the LH surge and subsequent ovulation; they work best in conjunction with other monitoring techniques. The market for ovulation prediction kits is increasing because they offer affordable fertility testing, and this trend is anticipated to continue over the projection period.
Global Fertility Test Market Restraints:
High cost of testing monitors to hinder market growth
The high cost of fertility testing monitors is one of the main factors anticipated to restrain the expansion of the global market for fertility tests. For instance, temperature and hormone levels can be measured using fertility monitors to accurately forecast ovulation and peak fertility. The price of the fertility monitor is high, nevertheless. Fertility testing monitors are available for as little as US$13 and as much as US$130. The average cost of a high-quality fertility testing monitor is in the range of US$ 70, thus this price range cannot be regarded as being within the reach of all customers.
Global Fertility Test Market: Key Developments
To support people throughout their entire reproductive journey, Kindbody announced the launch of Kind at Home in January 2022. Kind at Home will start with easy-to-use at-home fertility hormone tests for both women and men.
Carrot Fertility announced the release of a new kit in December 2021 that enables users to monitor fertility hormones and associated biomarkers at home. The earlier action and treatments from the comfort of home are made possible by a customised, one-of-a-kind test kit that goes beyond conventional reproductive hormone tests to provide a more complete picture of fertility health.
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